MARKET DEVELOPMENT
Astra Agro Sells 7,000 Tons of Palm Oil in Auction
Astra Agro Sells 7,000 Tons of Palm Oil in Auction
29/05/2012 (Bloomberg) - PT Astra Agro Lestari, Indonesia’s biggest listed plantation company by market value, sold 7,000 metric tons of the 11,000 tons of palm oil it offered at an auction in Jakarta.
The following table lists the results of the sale today, based on an e-mailed statement. The volumes are given in metric tons, while prices are in rupiah per kilogram including 10 percent for value-added taxes, unless stated otherwise.
Indonesia is the world’s largest producer of the commodity.
================================================================ Buyer Volume Commodity Price Terms ================================================================ PT Wilmar Nabati Indonesia 3,000 CPO 8,292 FOB Dumai PT Wilmar Nabati Indonesia 2,000 CPO 7,990 FOB Tj.Bakau PT Sinar Alam Permai 2,000 CPO 8,148 FOB Bumiharjo ================================================================ CPO: Crude Palm Oil FOB: Free-on-Board PKO: Palm Kernel Oil